Pangaea Logistics Solutions, Ltd. (PANL) — Financial statements
Income statement, balance sheet, and cash flow for Pangaea Logistics Solutions, Ltd. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 632↑17.8% | 537↑7.5% | 499↓28.6% | 700↓2.6% | 718 | |
| Cost of Revenue | 563↑21.5% | 463↑7.7% | 430↓24.6% | 571↓8.0% | 620 | |
| Gross Profit | 69↓5.6% | 73↑5.7% | 69↓46.4% | 129↑31.8% | 98 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 31↑26.2% | 25↑8.1% | 23↑13.3% | 20↑6.0% | 19 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 31↑26.2% | 25↑8.1% | 23↑13.3% | 20↑6.0% | 19 | |
| Other Expenses | 0.00 | 0.00↓100.0% | 2↓47.7% | 3 | 0.00 | |
| Operating Expenses | 31↑26.2% | 25↑0.4% | 25↑4.7% | 23↑23.5% | 19 | |
| Total Costs & Expenses | 594↑21.7% | 488↑7.4% | 455↓23.5% | 594↓7.0% | 639 | |
| Operating Results | ||||||
| Operating Income | 38↓21.7% | 48↑8.6% | 45↓57.7% | 106↑33.8% | 79 | |
| Depreciation & Amortization | 42↑39.8% | 30↑1.0% | 30↑2.0% | 29↑28.4% | 23 | |
| EBITDA | 80↓2.3% | 82↑8.2% | 76↓44.6% | 137↑28.6% | 107 | |
| EBIT | 38↓27.0% | 52↑12.9% | 46↓57.4% | 108↑28.7% | 84 | |
| Interest & Other Income | ||||||
| Net Interest Income | -22↓30.4% | -17↓23.3% | -14↑35.2% | -21↓86.6% | -12 | |
| Interest Income | 2↓46.0% | 3↓15.4% | 4↑283.2% | 0.93 | 0.00 | |
| Interest Expense | 24↑19.0% | 20↑15.4% | 17↓22.0% | 22↑94.7% | 12 | |
| Non-Operating Income | 0.00↑100.0% | -3↓148.3% | -1↑41.8% | -2↑51.7% | -5 | |
| Other Income / Expenses | -18↓30.9% | -14↑13.1% | -16↓17.6% | -13↓104.4% | -6 | |
| Income Before Tax | 20↓42.2% | 35↑20.3% | 29↓68.6% | 92↑27.4% | 72 | |
| Income Tax Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 20↓42.2% | 35↑20.3% | 29↓68.6% | 92↑27.4% | 72 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 19↓33.0% | 29↑9.8% | 26↓66.9% | 79↑18.2% | 67 | |
| Bottom-Line Net Income | 19↓33.0% | 29↑9.8% | 26↓66.9% | 79↑18.2% | 67 | |
| EPS (Basic) | 0.30↓53.1% | 0.64↑8.5% | 0.59↓67.0% | 1.79↑17.0% | 1.53 | |
| EPS (Diluted) | 0.30↓52.4% | 0.63↑8.6% | 0.58↓67.0% | 1.76↑17.3% | 1.50 | |
| Weighted Average Shares | 64↑40.6% | 45↑1.4% | 45↑0.8% | 44↑0.9% | 44 | |
| Weighted Average Diluted Shares | 65↑40.5% | 46↑1.3% | 45↑0.9% | 45↑0.5% | 45 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.